Asia Pacific

As of 22 October 2026, the National Taxation Bureau of Taipei (NTBT) issued an urgent advisory regarding Typhoon Krathon, reminding taxpayers that disaster-related losses qualify for tax reduction under the Disaster Relief Act. The Bureau outlined a three-step application process: (1) verify the disaster area designation by the central government; (2) prepare loss documentation including

On 22 October 2026, the Customs Administration of the Ministry of Finance unveiled a suite of trade facilitation measures for businesses disrupted by Typhoon Krathon, pursuant to Article 38 of the Customs Act and the Directions for Customs Clearance Relief During Natural Disasters. Key measures include: (1) automatic 30-day extension of bonded storage periods for

On 22 October 2026, the NTBT released a clarification on the requirements for profit-seeking enterprises applying for a one-time transfer pricing adjustment under Article 111 of the Income Tax Act. The Bureau emphasized three mandatory conditions: (1) the adjustment must comply with the arm’s length principle; (2) taxpayers must possess contemporaneous transfer pricing documentation; (3)

On 22 October 2026, the Ministry of Finance directed all 23 National Taxation Bureaus and their branch offices to activate proactive outreach protocols for taxpayers in Typhoon Krathon-affected regions. Under the Taxpayer Rights Protection Act and the MOF’s Disaster Response SOP, tax officers are dispatched to township offices, evacuation shelters, and industry association halls to

On 21 October 2026, the NTBT clarified that meal allowances excluded from employee salary income under Article 4 of the Income Tax Act cannot be included in the calculation of “incremental employee salary expenses” for the SME hiring tax credit. The incentive allows SMEs to deduct 150% of additional salary costs for new hires, but